Tech stocks sink after Trump’s tariff rollout. Apple Leads Drop

Technology stocks plunged Thursday after President Donald Trump’s new tariff policy sparked widespread market panic.

apple It led the decline among the so-called “magnificent Seven” groups, falling by nearly 9%. iPhone manufacturers manufacture devices in China and other Asian countries. Since 2020, inventory has been falling the sharpest, which has led to a pace.

The other Mega Cups also felt pressure. Meta Platform and Amazon Meanwhile, each fell by more than 7% nvidia and Tesla Over 5% has been blocked. Nvidia relies on Mexico to build new chips in Taiwan and assemble artificial intelligence systems. Microsoft and alphabet Both have dropped by about 2%.

I also felt pain in the semiconductor stock Marvel Technology, Arm Holdings and Micron Technology Each drops by more than 8%. Broadcom and Lamb Research 6% dropped Advanced Micro Devices Decided over 4% of software stocks ServiceNow and Fortinet Each fell by more than 5%.

The decline in technology inventory came amid a wider market sale spurred by concerns from the world trade war after the bell on Wednesday, after Trump announced 10% tariffs on all imported goods and various duties targeting certain countries. He said the new tariffs would be a “declaration of economic independence” for the United States.

Businesses and countries around the world are already beginning to respond to vast cleaning policies. This includes the previous 20% tax, Vietnam’s 46% obligation, and China’s 34% tariff, which accumulated on 20% tax on imports from the European Union.

China’s Commerce Department urged the US to “quickly cancel” unilateral tariff measures, saying “decisive anti-measurement” is needed.

Tariffs come in the worst period for the technology-heavy NASDAQ quarter and index since 2022. Nasdaq Composite It fell nearly 5% on Thursday, bringing the loss from the start of the year to 13%.

Trump praised the US investment during his speech to several megacup technology companies, and brought attention to Apple’s plans to spend $500 billion over the next four years.